Codoon Sports, a leading mobile app for runners, announced today that it had completed a $50 million Series C financing led by Focus Media, the leading outdoor advertising company listed on the A-share market, and FountainVest, a private equity fund managed by ex-Goldman Sachs executives. Co-investors in this round included the company's current investors SIG and SBCVC.
CEC Capital (formerly China eCapital) worked as the exclusive financial advisor to Codoon in this transaction.
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